CG Consumer shares up 0.19% as Nifty gains

By Et Markets Com10 days ago

Shares of Crompton Greaves Consumer Electricals Ltd. gained 0.19 per cent to Rs 376.95 in Tuesday's trade. It hit a high of Rs 383.8 and low of Rs 374.05 during the session.

On the technical charts, the 200-DMA of the stock stood at Rs 330.97, while the 50-DMA was at Rs 386.74. If a stock trades above 50-DMA and 200-DMA, it usually means the immediate trend is upward. On the other hand, if the stock trades below 50-DMA and 200-DMA, it is considered a bearish trend and if trades between these averages, then it suggests the stock can go either way.

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The stock traded above the signal line of momentum indicator moving average convergence divergence, or MACD, signalling a bullish bias on the counter. The MACD is known for signalling trend reversal in traded securities or indices. It is the difference between the 26-day and 12-day exponential moving averages. A nine-day exponential moving average, called the signal line, is plotted on top of the MACD to reflect buy or sell opportunities.

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